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BSNL has entered the 5G fixed wireless access (FWA) market with the launch of its home broadband service in Hyderabad, directly competing with Jio and Airtel. The service, named Quantum 5G FWA, is a completely indigenous solution. Launched on June 18, BSNL plans to extend the pilot project to Bengaluru and other cities by September 2025.
Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions.
Israel-Iran conflict: Government holds meet with stakeholders
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India's mutual fund assets have surged, now representing 31% of bank deposits, a significant rise from a decade ago. Assets under management reached Rs 72.2 lakh crore in May 2025, fueled by a 20% compound annual growth rate. This domestic investment is increasingly offsetting foreign portfolio investor volatility.
Tata Motors faces a potential $2.1 billion tariff hit on Jaguar Land Rover due to new US trade measures, according to Chairman N Chandrasekaran. Mitigation plans aim to reduce this impact to $790 million. Chandrasekaran addressed shareholders at Tata Motors' AGM, his first appearance since the Air India flight incident.
Tesla is preparing to launch its operations in India, aiming for growth amidst sales challenges in Europe and China. The company plans to open its first showrooms in Mumbai and New Delhi starting in mid-July. Initial shipments of Model Y rear-wheel drive SUVs have arrived from Tesla's China factory, with parts also imported from the US and Netherlands.
2025/07/04 15:12:38
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